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Tesla Company had the following errors over the last two years: 2018: Depreciation expense was understated by $10,000. 2019: Ending invetory was understated by $3,000.

Tesla Company had the following errors over the last two years:

2018: Depreciation expense was understated by $10,000.

2019: Ending invetory was understated by $3,000.

By how much should retained earnings be adjusted on January 1, 2020? (Ignore taxes)

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